My current research agenda focuses on the growing threats to space commerce from space debris, the growing risk that space will become weaponized as a new theater of warfare, anti-satellite testing, spacecraft collisions, atmospheric pollution, unenforceable treaties, and regulatory uncertainty. The papers are available at: https://hq.ssrn.com/submissions/MyPapers.cfm?partid=102928
Here are the two abstracts:
Dangers From the Regulatory Vacuums in Outer, Inner, and Near
Space
Space,
"the final frontier," has become an attractive, but increasingly
risky market for both public and private investments. Gold rush enthusiasm anticipates solutions to
the Digital Divide via small low earth orbiting satellites, extraction of valuable
minerals from asteroids, a vibrant space launch and tourism industry, and expanding
earth observation opportunities. Such
entrepreneurial boldness juxtaposes with a severe lag in government oversight,
consumer safeguards, and essential operational guardrails. The ambitious plans
of Elon Musk and other space entrepreneurs could fail, despite recent market
success, as SpaceX’s plans for 148 rocket launches in 2024.
Without
substantial refinement of global space treaties and effective national
regulation, expanding and imprudent use of space resources could trigger
"the tragedy of the commons," rendering the most valuable regions of space
unusable. Satellites could collide, or strike orbiting debris at extremely high
speeds. Accidental collisions are more
likely in a crowded orbital region, such as 200-1200 miles above earth where
low earth orbiting satellites operate
A much more
costly calamity can occur when a valuable, fully operational satellite collides
with space debris, such as a deactivated satellite, or when it becomes a target
in a test of anti-satellite (“ASAT”) technology. The likelihood of a space object collisions
increases substantially when space faring nations and private ventures do not
nudge no longer useful objects upward, farther into deep space, or on a
downward trajectory toward earth that would guarantee complete
vaporization. The testing and future use
of ASAT technology risks “weaponizing” space, despite treaty-level commitments
to use it solely for peaceful purposes, benefitting everyone.
This article explains
how national governments have generated or tolerated the proliferation of space
debris to potentially dangerous levels of space debris without penalty. It explains
how intergovernmental agreements, such as the five space treaties administered
by the United Nations, and the space/spectrum management agreements of the
International Telecommunication Union, have not required space debris
mitigation, nor sanctioned operators responsible for generating more space
debris.
The failure to
address and resolve proliferating space debris from ASATs and abandoned space
objects will increase the potential for calamities that render space access too
risky. The article identifies how intergovernmental agreements can mandate space
debris mitigation, impose sanctions for noncompliance, and create financial incentives
for recycling and removing existing debris.
Assessing the Impact of the Great Power Competition on
Space Commerce
Just as space commerce appears to have reached a critical
mass, competing national government interests can thwart progress with strategies
and tactics that increase market risk, volatility, and uncertainty. Despite
universal support for a treaty-level commitment to pursue only peaceful
activities, for the benefit of everyone, unilateral actions by the governments
of China, Russia, the United States have the potential to disrupt markets and
even weaponize space. The five
international treaties on space-related activities cannot foreclose
weaponization of space as a likely new theater of warfare.
So-called
Great Power Competition has generated high stakes rivalry to retain or secure
supremacy in military, political, economic, and societal spheres. The battle for
a competitive advantage has the potential to reduce or even thwart continuing success
in space markets, because conflict and rivalry on earth includes an increasingly
volatile above ground component.
This
paper assesses two conflicting trends.
On one hand, space commerce in 2023 generated an estimated $630 billion
in economic activity, rising to a potential $1.8 trillion by 2035. Low Earth
Orbiting satellite constellations have the potential to bridge the Digital
Divide by providing a reliable infrastructure for widely available and
affordable broadband access, even in remote, rural, and impoverished locales
throughout the world. Other developing market opportunities include development
of a vibrant space launch and tourism industry, space exploration, colonization
of the Moon and Mars and an expanded array of services via commercial
satellites.
On the
other hand, longstanding and emerging challenges in outer space may shift from chronic
and unresolved, to acute and potentially catastrophic. National governments and
private ventures can avoid triggering worst case scenarios only if they accept compulsory
limits on space weapons testing and use, coupled with effective measures to
reduce the risk of collisions with discarded or active spacecraft.
The
paper identifies the most pressing and emerging quandaries, many of which
result from a nation’s failure to comply with limitations on space activity broadly
framed by space treaties entered into force over 40 years ago. Because governments
of the world have not reached consensus on whether and how to modernize the treaties,
the currently in force agreements do not address market entry by private
ventures, lack an enforcement mechanism to compel compliance, and rely
primarily on the good will of all countries to support noble aspirations that
increasingly deviate from individual national interests.
Recent
deployment of unconventional space objects by China and Russia point to near
term use of technologies for enhanced surveillance, and disruption, or even
destruction of quite valuable in-space assets.
A national campaign to promote the acquisition of comparatively more
power and leadership in space, by both the public and private sectors, can have
consequences underappreciated in their severity.
The
paper also explains how emerging technologies and business plans contribute to
both revenue enhancement and greater risk of calamity. It offers specific
recommendations on what unconditional and immediate commitments national
governments and private ventures must make to avoid potential ruination of
space.